Comments
The initial public offer (IPO) of government-owned Housing and Urban Development Corporation (HUDCO), for which bidding opened on Monday, has been subscribed over 79.47 times. Qualified institutional investors bid more than 55.45 times for the portion reserved for them, while retail investors bid for 10.60 times their quota. Non-institutional investors subscribed more than 330 times their portion. The number of applications received was at 19,75,098. Subscription by Hudco employees was only 70 per cent of their reserved quota. The IPO is part of the Centre’s efforts to meet the disinvestment target. The Centre plans to divest 10 per cent stake in the company.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.